News

Reminder on changes to Corporation Tax notices - August 1, 2018
News Article

On 19 September 2016 HM Revenue & Customs (HMRC) decided to stop sending out paper copies of several important documents relating to Corporation Tax. Despite this move taking place nearly two years ago, a quick…Read more

Taxpayers warned of Requirement to Correct as deadline approaches - August 1, 2018
News Article

Taxpayers with undeclared offshore tax liabilities, including Income Tax, Capital Gains Tax or Inheritance Tax, are obligated to disclose these liabilities to HM Revenue & Customs (HMRC) on or before 30 September 2018 under HM…Read more

More than 100,000 first-time buyers benefit from Stamp Duty Land Tax reforms - August 1, 2018
News Article

HM Revenue & Customs (HMRC) has published data which reveals that more than 100,000 first-time buyers have benefited from Stamp Duty Land Tax (SDLT) reforms announced at the last Budget. During the period until 30…Read more

MTD for VAT clarified in new communication from HMRC - August 1, 2018
News Article

HM Revenue & Customs (HMRC) has finally issued a new notice on Making Tax Digital for VAT in which it has clarified many of the questions that businesses had. VAT notice 700/22: Making Tax Digital…Read more

HMRC collects more than £30 billion worth of extra tax in last financial year - August 1, 2018
News Article

New figures from HM Revenue & Customs (HMRC) have revealed that the tax authority brought in a total of £605.8 billion in the year to April 2018 – an increase of nearly £30 billion on…Read more

Tens of thousands of fake HMRC websites taken down - August 1, 2018
News Article

Figures published by HM Revenue & Customs (HMRC) show that 20,750 malicious websites have been taken down over the last year – 29 per cent more than in the previous year. Although it has brought…Read more

Documents reveal HMRC plans to secretly access bank account information - August 1, 2018
News Article

Documents published online have revealed HM Revenue & Customs’ (HMRC) plans to secretly access bank account information. The planned new powers come in the form of information orders, which are used by the Revenue to…Read more

UK’s tax gap continues to fall - July 3, 2018
News Article

Figures released by HM Revenue & Customs (HMRC) show that the UK’s tax gap – the difference between tax owed and actual receipts – is continuing to fall. The Revenue has revealed that the tax…Read more

Small businesses say the Government should simplify business rates - July 3, 2018
News Article

A survey has revealed strong support from the UK’s small business community for measures to simplify business rates. A total of 71 per cent of the small businesses questioned said business rates should be simpler…Read more

Professionals call on Treasury not to lower VAT threshold before MTD and Brexit - July 3, 2018
News Article

The Low Incomes Tax Reform Group (LITRG) of the Chartered Institute of Taxation (CIOT) has called on the Treasury to resist pressure to reduce the VAT threshold from its current £85,000 until after the implementation…Read more